In the 1990s, the PC became everyone's gateway to e-mail, pictures and eventually digital media. Then laptops freed us to take our offices on the road. But today, the cell phone can perform all of these functions. In Japan, consumers can use their phones to pay for purchases and program their DVRs remotely; home computer use is actually declining among the younger generation. In the United States and Europe, cell phones and mobile devices are beginning to have a similar impact. This panel from the 2008 Milken Institute Global Conference asks whether the smart phone can actually replace the PC.

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